Markets always tend to be interesting with something or the other happening all the time. Our Morning Mantra is released before the opening bell and it includes the market commentary along with Corporate & Global news for the day.
U.S. stocks were higher after the close on Tuesday, as gains in the Oil & Gas, Technology and Basic Materials sectors led shares higher.
Japan market is closed today Dixon Technologies has commenced manufacturing of CCTVs and DVRs under the Trademark "CP Plus" on 2nd January, 2018 from its manufacturing facility situated at Tirupati.
Reliance Industries Limited has successfully commissioned and achieved design throughput of the world’s first ever and largest Refinery Off-Gas Cracker complex of 1.5 MMTPA capacity along with downstream plants and utilities. The ROGC complex is built in a record time with approximately 40% lower capital cost compared to the similar projects globally.
The NPPA has fixed retail prices of 14 formulations, including those used in treatment of high cholesterol and high blood pressure. The formulations with fixed retail prices include Telmisartan and Chlorthalidone Tablet (Tigatel CH 80) used in treating high blood pressure marketed by Sun Pharma. And Atorvastatin and Clopidogrel capsules used for lowering cholesterol, marketed by Synokem Pharmaceuticals and Eris Lifesciences, among others.
The Trai has tightened the network connectivity rules by mandating a 30-day deadline for firms to ink interconnection pacts on a non-discriminatory basis. It has also fixed a daily penalty of up to Rs 100,000 per service area for violations.
Future Group is said to be in talks to buy online retail platform Snapdeal’s logistics arm Vulcan Express for about Rs 50 crore in an all-cash deal.
Tata Power has commissioned its 50 MW DCR Solar plant at Pavagada Solar Park in Karnataka. Sale of power plant has been tied up under a 25 year PPA with NTPC at a tariff of Rs 4.84/unit. With this, the total installed operating capacity of TPREL now stands at 1664 MW.
Apar Industries Has entered into a JVA with M/s. PPS Motors Private Limited (PMPL) to market Lubricants in the AMPOIL Brand which is a brand owned by PPS Business Solutions. The focus will be to sell Lubricants to Central and State Govt
Yash Papers has announced that Commercial Production of Tableware Unit (Phase - 1) of the Company started w.e.f. 2nd January, 2018
Orient Green Power sold 8 biomass subsidiaries to Janati Bio Power for Rs 49 crore
Lasa Supergenics filed new CEP application with European Medicines Directorate
Institution Desk - Automobile Sales-December 2017- Monthly Sales Update- CV Sales Surprise Positively; 2-wheeler Sales Rise On A Low Base: Automobile sales in December 2017 were robust, with most companies reporting double-digit YoY growth in volume on account of a low base because of demonetisation. Medium and heavy commercial vehicle (MHCV) sales grew the strongest, followed by two-wheeler and car sales. Tractor sales also posted double-digit growth. It is noteworthy that because of production cut on account of maintenance and year-end considerations, the absolute numbers of a few companies on sequential basis look weak, but YoY growth still was strong because of a favourable low base. In passenger vehicle segment, market leader Maruti Suzuki India or MSIL reported 10% YoY growth in sales. The company went for a plant shutdown in December 2017, resulting in 9% lower despatches on MoM basis. Hyundai India reported sales growth of 10% YoY, while Tata Motors posted strong growth of 31% YoY in car sales, led by a low base and also on the back of launch of new models recently. Other car-makers like Toyota Kirloskar India, Ford India and Honda India reported double-digit YoY growth of 15%/27%/26%, respectively, in car sales. Mahindra & Mahindra’s passenger vehicle sales were weak as it reported 8% YoY decline. Its overall sales improved 8% YoY, with commercial vehicles driving growth.
U.S. stocks were higher after the close on Tuesday, as gains in the Oil & Gas, Technology and Basic Materials sectors led shares higher.
Dow
|
Dow Futures
|
Hangseng
|
SGX Nifty
|
24824.0
|
24803.0
|
30568.9
|
10489.0
|
104.8
|
+35.0
|
53.6
|
20.0
|
0.42%
|
0.14%
|
0.18%
|
0.19% |
Market is expected to open on positive note and likely to witness range bound session. Asian shares struck a fresh decade high on Wednesday as risk appetites were whetted by a bevy of upbeat manufacturing surveys that confirmed a synchronized upturn in world growth was well under way.
Japan market is closed today Dixon Technologies has commenced manufacturing of CCTVs and DVRs under the Trademark "CP Plus" on 2nd January, 2018 from its manufacturing facility situated at Tirupati.
The NPPA has fixed retail prices of 14 formulations, including those used in treatment of high cholesterol and high blood pressure. The formulations with fixed retail prices include Telmisartan and Chlorthalidone Tablet (Tigatel CH 80) used in treating high blood pressure marketed by Sun Pharma. And Atorvastatin and Clopidogrel capsules used for lowering cholesterol, marketed by Synokem Pharmaceuticals and Eris Lifesciences, among others.
The Trai has tightened the network connectivity rules by mandating a 30-day deadline for firms to ink interconnection pacts on a non-discriminatory basis. It has also fixed a daily penalty of up to Rs 100,000 per service area for violations.
Future Group is said to be in talks to buy online retail platform Snapdeal’s logistics arm Vulcan Express for about Rs 50 crore in an all-cash deal.
Tata Power has commissioned its 50 MW DCR Solar plant at Pavagada Solar Park in Karnataka. Sale of power plant has been tied up under a 25 year PPA with NTPC at a tariff of Rs 4.84/unit. With this, the total installed operating capacity of TPREL now stands at 1664 MW.
Apar Industries Has entered into a JVA with M/s. PPS Motors Private Limited (PMPL) to market Lubricants in the AMPOIL Brand which is a brand owned by PPS Business Solutions. The focus will be to sell Lubricants to Central and State Govt
Yash Papers has announced that Commercial Production of Tableware Unit (Phase - 1) of the Company started w.e.f. 2nd January, 2018
Orient Green Power sold 8 biomass subsidiaries to Janati Bio Power for Rs 49 crore
Lasa Supergenics filed new CEP application with European Medicines Directorate
Institution Desk - Automobile Sales-December 2017- Monthly Sales Update- CV Sales Surprise Positively; 2-wheeler Sales Rise On A Low Base: Automobile sales in December 2017 were robust, with most companies reporting double-digit YoY growth in volume on account of a low base because of demonetisation. Medium and heavy commercial vehicle (MHCV) sales grew the strongest, followed by two-wheeler and car sales. Tractor sales also posted double-digit growth. It is noteworthy that because of production cut on account of maintenance and year-end considerations, the absolute numbers of a few companies on sequential basis look weak, but YoY growth still was strong because of a favourable low base. In passenger vehicle segment, market leader Maruti Suzuki India or MSIL reported 10% YoY growth in sales. The company went for a plant shutdown in December 2017, resulting in 9% lower despatches on MoM basis. Hyundai India reported sales growth of 10% YoY, while Tata Motors posted strong growth of 31% YoY in car sales, led by a low base and also on the back of launch of new models recently. Other car-makers like Toyota Kirloskar India, Ford India and Honda India reported double-digit YoY growth of 15%/27%/26%, respectively, in car sales. Mahindra & Mahindra’s passenger vehicle sales were weak as it reported 8% YoY decline. Its overall sales improved 8% YoY, with commercial vehicles driving growth.
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